The hedge fund FrontPoint Partners will liquidate its $1.5 billion health care fund in the wake of allegations that a manager at the firm received insider information from a French doctor, a person familiar with the matter said. The fund has been hit with a number of redemption requests following federal criminal and civil charges [...]
In the wake of a Bloomberg News report on Friday that said Facebook “probably” won’t file for an initial public offering until 2012, an Antigua-based sports-betting site is making book on when the social networking juggernaut will reach the milestone of one billion users — and whether the company will go public by the time [...]
In the wake of the BP oil spill, both President Obama and First Lady Michelle have made separate trips to Florida to encourage tourists to visit — with Mrs. Obama delivering a speech Tuesday on a still pristine beach. For their own vacations, the First Family heads to Maine for the weekend and is likely [...]
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